Boston Trust Walden Corp Sells 146,375 Shares of Baker Hughes Company $BKR

Boston Trust Walden Corp reduced its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 47.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 165,250 shares of the company’s stock after selling 146,375 shares during the period. Boston Trust Walden Corp’s holdings in Baker Hughes were worth $8,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbour Investments Inc. grew its position in shares of Baker Hughes by 61.7% in the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock valued at $33,000 after buying an additional 326 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Baker Hughes in the second quarter worth approximately $36,000. Twin Peaks Wealth Advisors LLC bought a new stake in Baker Hughes in the second quarter valued at approximately $36,000. LRI Investments LLC increased its position in Baker Hughes by 59.3% during the 2nd quarter. LRI Investments LLC now owns 1,032 shares of the company’s stock valued at $40,000 after purchasing an additional 384 shares during the period. Finally, Hilltop National Bank bought a new position in Baker Hughes during the 2nd quarter worth approximately $43,000. 92.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BKR shares. Cowen reiterated a “buy” rating on shares of Baker Hughes in a research report on Monday, October 27th. Jefferies Financial Group upped their price target on shares of Baker Hughes from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Capital One Financial increased their price target on Baker Hughes from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Barclays boosted their price objective on Baker Hughes from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Finally, UBS Group upped their target price on Baker Hughes from $48.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Twenty-three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Baker Hughes has a consensus rating of “Moderate Buy” and an average price target of $53.92.

Baker Hughes Stock Performance

Shares of BKR opened at $46.09 on Wednesday. The stock has a 50-day moving average of $47.67 and a 200-day moving average of $45.19. Baker Hughes Company has a one year low of $33.60 and a one year high of $51.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. The company has a market cap of $45.48 billion, a PE ratio of 15.89, a P/E/G ratio of 1.65 and a beta of 0.90.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $5.09 billion for the quarter. Baker Hughes had a return on equity of 14.22% and a net margin of 10.43%. On average, equities research analysts predict that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Tuesday, November 4th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, November 4th. Baker Hughes’s dividend payout ratio (DPR) is 31.72%.

Baker Hughes Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.